Monthly Archives: August 2009

Cal STRS Home Loan Program for Santa Maria & Lompoc Teachers

Posted on August 30, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Local teachers in Santa Maria & Lompoc may be eligible for the home ownership loan programs available through the California State Teachers Retirement Program (“Cal STRS’). Eligible participants can apply for several different loan options which can increase borrowing power and lower down payment requirements. Currently, Cal STRS offers a zero down option using a two loan 95% and 5% structure, as well as a low down option using a two loan 80% and 17% structure Continue reading →

Posted in Buyer Info, Central Coast Real Estate, Lompoc / Vandenberg Village, Santa Maria / Orcutt | Tagged , , , , , | Leave a comment

Are Short Sales Never Ending Bidding Wars for Buyers?

Posted on August 15, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Are short sales never ending bidding wars? Yes, they can be. In general, short sales are some of the most frustrating transactions for sellers and buyers. And, it is almost inevitable in this market that buyers will consider a short sale while looking for a new home. The market is simply loaded with short sales, and sometimes they sit there for months awaiting bank approval. So while buyers wait for the next bank owned listing to pop on th market, they tend to hash and rehash the short sale inventory. Continue reading →

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